True Grit

Oil & Gas Property in Andrews County, TX

Property Summary

Key data points for True Grit

County,
OperatorPARALLEL PETROLEUM LLC
Production DatesJul 2015 - Feb 2025
Total Oil Production324,278 BBLs
Total Gas Production150,809 MCF
Recent Oil Production499 BBLs in Jan 2025
Recent Gas Production0 MCF in Jan 2025
Wells on Property1

Our Valuation Estimates for True Grit

ShaleAssessment

$50,042 *

MarketMultiple

$82,583 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

True Grit Production Graph

Aggregated production of all wells and leases associated with this property
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for True Grit
from Jul 2015 to Feb 2025

Wells on True Grit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
Unknown,

Leases included in True Grit

Lease #Lease NameOperatorCountyMonthly Oil Prod.
8A-70369TRUE GRITPARALLEL PETROLEUM LLCAndrews County, TX

Nearby Properties

These are the closest 20 properties to the True Grit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AlexanderAndrews County, TX0 BBLs0 MCFOct 2022
ApolloGaines County, TX439 BBLs365 MCFFeb 2025
AugustusAndrews County, TX501 BBLs613 MCFFeb 2025
AureliusGaines County, TX406 BBLs305 MCFFeb 2025
Big JakeGaines County, TX451 BBLs0 MCFFeb 2025
Block A-34 UnitAndrews County, TX127 BBLs0 MCFFeb 2025
CothesAndrews County, TX1,533 BBLs0 MCFFeb 2025
CronusAndrews County, TX361 BBLs372 MCFFeb 2025
DianaAndrews County, TX322 BBLs198 MCFFeb 2025
HallAndrews County, TX166 BBLs0 MCFFeb 2025
HarrisAndrews County, TX0 BBLs0 MCFJul 2021
Jet PilotAndrews County, TX553 BBLs0 MCFFeb 2025
Jordan, AAndrews County, TX28 BBLs0 MCFFeb 2025
Junior VarsityAndrews County, TX32 BBLs0 MCFFeb 2025
Lucky TexanAndrews County, TX697 BBLs0 MCFFeb 2025
PallasAndrews County, TX871 BBLs830 MCFFeb 2025
PolluxAndrews County, TX580 BBLs451 MCFFeb 2025
ScipioGaines County, TX425 BBLs401 MCFFeb 2025
ShortesAndrews County, TX449 BBLs0 MCFFeb 2025
SimpsonGaines County, TX0 BBLs0 MCFOct 2022

Companies in the Area

These are the closest 0 companies operating near the True Grit property.

Company Name

Owners of True Grit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PARALLEL PETROLEUM LLCTRUE GRIT 1HPARALLEL PETRO
2024PARALLEL PETROLEUM LLCTRUE GRIT 1HPARALLEL PETRO
2024PRICE JOE D LLCTRUE GRIT 1HPARALLEL PETRO
2024PRICE JOE D LLCTRUE GRIT 1HPARALLEL PETRO
2024ZPZ DELAWARE I LLCTRUE GRIT 1HPARALLEL PETRO
2024FMH FOUNDATION OIL/GASTRUE GRIT 1HPARALLEL PETRO
2024ZPZ DELAWARE I LLCTRUE GRIT 1HPARALLEL PETRO
2024FMH FOUNDATION OIL/GASTRUE GRIT 1HPARALLEL PETRO
Displaying 8 of 265 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on True Grit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
8A-70369TRUE GRITOct 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITSep 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITAug 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJul 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJun 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITMay 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITApr 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITMar 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITFeb 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITFeb 2024DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJan 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJan 2024DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITDec 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITDec 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITNov 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITNov 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITOct 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITOct 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITSep 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITSep 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITAug 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITAug 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJul 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJul 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJun 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC